SOCAR is considering the possibility of building a terminal for oil products in the city of Cotonou of Benin, as well as the implementation of a number of infrastructure projects in West Africa, SOCAR said.
According to the report, the Azerbaijani delegation headed by the Minister of Energy Natig Aliyev paid a visit to Burkina Faso and Benin at the invitation of the governments of these countries.
During the meetings the sides discussed issues of establishing connections between the fuel and energy complex of Azerbaijan and West African countries, and mutually beneficial economic cooperation.
“The delegation, which also included SOCAR Vice President on Investments and Marketing Elshad Nasirov, Chairman of Azerkimya Production Association Mukhtar Babayev and Director of SOCAR Trading Arzu Azimov, met with the President of Burkina Faso Rock Marc Christian Kaboré, during which the parties designated the importance of developing the bilateral relations. Then, during a meeting with the Prime Minister of Burkina Faso Paul Kaba Tieba they discussed issues of cooperation between SOCAR and SONABHY (State Oil Company of Burkina Faso), concrete joint projects, the supply of oil to Burkina Faso, as well as the construction of a SOCAR terminal in the port of Cotonou in Benin and implementation of a number of other infrastructure projects,” the statement says.
The Azerbaijani delegation also held a meeting in the city of Cotonou of Benin with the Minister of Energy, Water Resources and Mining, the Finance Minister, the Minister of Foreign Affairs of that country, as well as with the leadership of the State Oil Company of Benin, SONACOP. -12D—
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review